The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
SS talking on VOX pod cast - https://www.voxmarkets.co.uk/blogs/uk-oil-gas-ukog-live-company-group-lvcg/
The well will now be shut in for a planned 24-hour pressure build-up test. Operations will then include further flow parameter optimisation, followed by the first of three planned flow sequences designed to assess whether the Portland oil pool contains a commercially viable volume of oil. The first test sequence will likely include an optimised maximum rate test, prior to choking back the well to provide the steady state flow conditions necessary to determine the Portland oil pool's connected oil volume. Note that in order to collect the required data during these steady state flow periods, rates will likely be below any future optimised production rates.
Testing of each of the Kimmeridge Limestone 4 ("KL4") and KL3 oil pools will follow completion of the Portland test sequence.
Metered daily oil rates to date equal to or exceed 2016 values. Highest observed hourly rate equivalent to an implied daily rate of 352 barrels of oil per day ("bopd"). Corresponding metered solution gas volumes are up to an implied rate of 30,000 cu ft per day.
· Flow has not yet been optimised for maximum sustainable flow rates
· First tanker containing 214 barrels of dry oil exported to BP's Hamble oil terminal
· Initial analysis indicates well productivity unaffected by 2 year shut-in period since 2016
· Following a planned 24-hour shut in (i.e. pressure build-up test) the first of three planned Portland test sequences will commence
People will sell when they need depending on their circumstances, fair dues to them, I'm holding and will derisk at the point when tankers ate rolling and not before, I've been in UKOG for 3 years or perhaps a little longer, time flies so fast and all that! Let's be honest HH is massive to us all and has the potential to change lives in a positive way, I guess its risks vs rewards here and to me this is probably the best chance I'll ever have in my lifetime, or a buy a lottery ticket every week! But no I don't do that as my investment is based on facts and one massive, glaringly obvious fact is HH has flowed oil, sweet oil at that!! That's why I'm staying put! Happy Monday everyone, exciting times ahead. DYOR blah blah blah :-)
Good to here from you and my bad, thought some to55er got a few people removed, glad you didn’t! I’m always interested in reading your posts. And after last week I’m really excited and can’t wait for the coming weeks this share is rocketing gla.